I have a question about stock sales taxes. How do I report sales of stocks from a 1099-B tax form?
Regarding stock sales taxes, report sales of stock on Form 8949 rather than a 1099-B tax form:
- Use Part I for stock owned for one year or less
- Use Part II for stock owned more than one year
- Sale price
- Sale date
- Date acquired
- Original purchase price
After you list all of the transactions, total each column. Then, carry the totals to Schedule D. Follow the instructions for Schedule D. Your losses and gains will be in Column (h) of Lines 1, 2, 3, 8, 9, and 10.
Have you recently earned Bitcoin income from rising stock value? Explore the rules surrounding cryptocurrency-sourced capital gains and losses with H&R Block.
If you are selling items at a farmer's market, learn how to file your taxes with H&R Block. From cash income to bartering, these tax tips will help.
Congratulations on the Bonus! Learm more about the tax rate at H&R Block - whether you receive a holiday or cash bonus, it will apply to you.
Many entrepreneurs find themselves wondering exactly how Bitcoin is taxed. Our H&R Block Tax Pros are prepared to assist self-employed filers with Bitcoin taxation.